MILWAUKEE--(BUSINESS WIRE)--Apr. 2, 2018--
Badger Meter, Inc. (NYSE: BMI), a leading global innovator and
manufacturer of flow measurement, control and communications solutions,
today announced it has signed an agreement to acquire Innovative
Metering Solutions (IMS), based in Tampa, Florida. IMS distributes
Badger Meter products to municipal water utility customers throughout
Florida. Following the acquisition, IMS will do business as “National
Meter & Automation,” Badger Meter’s wholly-owned distribution sales
organization.
“At Badger Meter, we are always working to deliver the best overall
customer experience, and we believe key to that is local sales,
technical and operational support services,” said Richard Meeusen,
Badger Meter chairman, president and chief executive officer. “The
acquisition of IMS is another important step forward for Badger Meter
and its utility customers in the southeastern U.S.”
The acquisition is effective April 2, 2018. Terms of the transaction
were not disclosed.
About Badger Meter
Badger Meter is an innovator in flow measurement, control and
communications solutions, serving water utilities, municipalities, and
commercial and industrial customers worldwide. The Company’s products
measure water, oil, chemicals, and other fluids, and are known for
accuracy, long-lasting durability and for providing valuable and timely
measurement data. For more information, visit www.badgermeter.com.
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Source: Badger Meter, Inc.
Badger Meter, Inc.
Dawn O’Neill
(414) 371-7276